Disney Lays Out Its Plan to Fight Back

21st Century Fox deal, other steps are aimed at positioning company in streaming market

Walt Disney Co. Chief Executive Robert Iger gave investors a preview of what he wants his company’s next chapter to be.

After several years of assuaging investors nervous about cord-cutting and competition from streaming giants such as Netflix Inc., Mr. Iger, on a conference call with Wall Street analysts Tuesday, focused on Disney’s high-stakes plan to fight back: the company’s own direct-to-consumer offerings and a pending $71.3 billion acquisition of 21st Century Fox Inc.’s entertainment assets.

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